Healthcare Information Systems Market is Expected to reach US$ 53.2 Bn with 7.10% CAGR Forecast to 2031

Healthcare Information Systems Market 2022-2027

The global Healthcare Information Systems Market is estimated to grow noticeably in the next 10 years. With personalization doing the rounds, the healthcare vertical is also not expected to escape. With digitization, not just the track record of the patient but also the precautionary measures to be taken could be put forth. This would be how the healthcare vertical go about in the subsequent period.

As per the latest market report published by Persistence Market Research, titled "Global Market Study on Healthcare Information Systems: Asia to Witness Highest Growth by 2022", the global healthcare information systems market was valued at US$35.2 bn in 2022 and is predicted to reach US$53.2 bn by 2027. It is expected to expand at a CAGR of 7.10% from 2022 to 2027.

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As per the report, the market for healthcare information systems is fuelled by a number of factors, such as the increasing requirement for integrated healthcare systems and a large number of initiatives taken by the governments. In addition, the rising number of investments done by players operating in the healthcare sector have also augmented the growth of the market for healthcare information systems.

Furthermore, the less regenerative abilities of the aging population will increase the prevalence of fatal diseases, hence augmenting the demand for healthcare information systems. On the other hand, interoperability problems, an absence of trained and skilled professionals, and the huge maintenance cost involved in the usage of healthcare information systems may impede the growth of the market in the coming years.

Some of the companies operating in healthcare information systems market:
GE Healthcare.
Philips Healthcare.
McKesson Corporation.
Nextgen healthcare Information System Inc.
Other.

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According to the report, the market for healthcare information systems is experiencing a shift towards computerized processes from manual processes. The prime trends observed in the market include utilization of mobile devices, the launching of cloud and wireless technology coupled with patient-centric healthcare information systems. Furthermore, geographic expansion of some of the top players operating in the market is also a key trend observed within the market for healthcare information systems.

The report segments the market on the basis of delivery mode, application, component, and geography.

On the basis of delivery mode, the market is segmented into web-based, on-premise, and cloud-based healthcare information systems. In terms of components, the healthcare information systems market is segmented into hardware, software, and services.

In terms of applications, the market is segmented into pharmacy information systems (PIS), laboratory information systems (LIS), and hospital information systems. Amongst these application segments, the laboratory information systems hold the biggest share in the market. This application segment is predicted to expand at a 7.70% CAGR in the forecast horizon from 2013 to 2019.

On the basis of geography, the market is segmented into Europe, North America, Asia-Pacific, and Rest of the World (RoW). Amongst these, Europe and North America led the market owing to the increasing requirement for integrated healthcare systems and due to the inclination towards enhanced healthcare facilities in these regions.

On the other hand, Asia is predicted to experience swift growth owing to rising demand for healthcare information systems from India and China. In addition, the increasing geriatric population and the rising occurrence of diseases such as coronary heart diseases, cancer, and diabetes in this region have also raised the demand for healthcare information systems from this region.

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Major Highlights of the Healthcare Information Systems Market Report:

The Healthcare Information Systems Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.

The report dives deeper into the market and explains the dynamic factors bolstering market growth.

The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.

The report analyzes the Healthcare Information Systems Market presence across major regions of the world.

It determines the production & consumption capacities and demand & supply dynamics of each regional market.

The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.

It provides company overview and SWOT analysis of each of the market players.

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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

This release was published on openPR.